A franchise is an association, which may or may not be incorporated, that is organized to provide an economic service to its members.

Name: A franchise is an association, which may or may not be incorporated, that is organized to provide an economic service to its members.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A franchise is a business model where a franchisor grants a franchisee the rights to operate a business using its brand and system, not an association for economic service to members.

A Franchise Is an Association, Which May or May Not